CLSA forecasts a 15% consolidated EBITDA by FY24 and has increased the price target to Rs 860 from earlier Rs 810.
HDFC is seeing strong growth in housing loan disbursement leveraging demand. High buffer provisions at 1.3% helps bring down credit costs.
Tata Motors should witness a gradual recovery from Q2FY22 lows as supply-side issues ease and commodity headwinds stabilize
Inexpensive valuation and robust dividend and FCF (Free Cash Flow) yield of 5% remain key attractions making the risk-reward highly favourable.
Axis Bank demonstrated strong asset quality but posted a weak PPoP. The bank also lagged peers in loan & PPoP growth.
Tech Mahindra is trading at a discount to large peers despite improving growth profile, healthy deal wins and 5G opportunities.
ICICI Bank is transitioning well from being a Beta stock to an Alpha stock and this should be key to a re-rating.
HDFC Bank's improved growth momentum could aid rerating for the stock, Jefferies said in a note.
Value stocks are the ones that are trading at relatively low multiples compared to their earnings and growth potential
The major risk to GREED & fear is the arrival of a new Covid variant. But that is a risk shared with the rest of the world.